We are leaving another month behind, and as this article was being prepared, the last minutes of May were about to end. For cryptocurrency investors, May was not a terrible period, but despite the good news we saw, the expected gains were not realized. On the other hand, we are hopeful for June. The ETH ETF launch will likely happen in a few months, and it is hoped that this will increase market appetite.
Terra (LUNA) Coin Analysis
A very positive period is not expected for LUNA Coin in June. Cryptocurrency is full of surprises, but as long as Do Kwon does not clear his name, things will be difficult for Terra (LUNA) in the long term. On the other hand, Vitalik Buterin shared a post today to remind everyone how right they were in 2022, accusing those who opposed LUNA Coin.
The Ethereum community was right about Terra, and most investors needed the $40 billion ecosystem to collapse to understand this. Investors who bought LUNA Coin at a price below zero have been at a loss for a long time. And this loss does not seem to be closing.
After a speculative rise to $0.83 yesterday, the price returned to $0.66. Despite a loss of over 20%, the price above $0.665 reflects the potential for new upward speculative attempts. Closures above $0.71 could trigger new spikes up to $0.87.
LUNC Coin Price Prediction
Despite the burns and the struggle of the Terra Rebels, LUNC Coin did not achieve much. Although the price made attempts above $0.0002562, it could not overcome the $0.000128 barrier after hitting a low of $0.000072. The price may swing within this range for a while. If it can overcome the resistance, it will solidify $0.000140 as support and make new speculative attempts above $0.000208.
In a negative scenario, $0.000055 is the possible last support. Below this, new ATL attempts are expected. The interesting aspect of 55 is that it is also the last support in altcoins like CEEK.
Solana (SOL)
On the SOL Coin front, the first peak has been completed, and a lower peak has formed. If this peak is also to be completed, we should see a drop attempt to the $144 region in June. Upward, the current resistances are $174 and $182. The real rally could come with a weekly close above $188.
